Hyliion (NYSE:HYLN) Now Covered by Analysts at Northland Securities

Northland Securities started coverage on shares of Hyliion (NYSE:HYLNGet Rating) in a research note published on Tuesday, MarketBeat reports. The firm issued an outperform rating and a $4.00 price objective on the stock.

A number of other research analysts have also issued reports on HYLN. The Goldman Sachs Group dropped their price objective on shares of Hyliion from $3.00 to $2.25 and set a sell rating for the company in a report on Thursday, November 10th. Cantor Fitzgerald lowered shares of Hyliion from an overweight rating to a neutral rating and set a $5.00 price target for the company. in a report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $3.85.

Hyliion Trading Up 2.0 %

Shares of NYSE HYLN opened at $3.02 on Tuesday. The company has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $3.34. Hyliion has a 1 year low of $2.33 and a 1 year high of $6.94.

Insider Activity

In related news, COO Dennis M. Gallagher acquired 20,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of $3.10 per share, for a total transaction of $62,000.00. Following the purchase, the chief operating officer now directly owns 281,119 shares of the company’s stock, valued at approximately $871,468.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Andrew H. Card, Jr. acquired 10,000 shares of the stock in a transaction dated Friday, November 18th. The stock was bought at an average price of $3.18 per share, for a total transaction of $31,800.00. Following the purchase, the director now directly owns 56,435 shares of the company’s stock, valued at approximately $179,463.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Dennis M. Gallagher acquired 20,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of $3.10 per share, with a total value of $62,000.00. Following the purchase, the chief operating officer now directly owns 281,119 shares in the company, valued at $871,468.90. The disclosure for this purchase can be found here. Insiders purchased 42,150 shares of company stock worth $130,240 in the last quarter. 24.20% of the stock is owned by corporate insiders.

Institutional Trading of Hyliion

Several hedge funds have recently bought and sold shares of HYLN. Metropolitan Life Insurance Co NY grew its position in Hyliion by 66.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 8,860 shares of the company’s stock valued at $25,000 after purchasing an additional 3,524 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Hyliion by 13,618.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,585 shares of the company’s stock valued at $29,000 after purchasing an additional 6,537 shares during the period. Ensign Peak Advisors Inc grew its position in Hyliion by 65.8% in the 3rd quarter. Ensign Peak Advisors Inc now owns 10,000 shares of the company’s stock valued at $29,000 after purchasing an additional 3,970 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Hyliion in the 3rd quarter valued at $30,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Hyliion in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 26.62% of the company’s stock.

About Hyliion

(Get Rating)

Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It also provides battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.

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Analyst Recommendations for Hyliion (NYSE:HYLN)

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